Investment firm Direxion will have to wait a little longer to learn whether its proposed bitcoin (BTC) exchange-traded fund passes muster with the Securities and Exchange Commission.
According to a document from the Government Printing Office, the review of the bitcoin ETF has been postponed until Sept. 21.
“The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change,” the SEC said.
The “rule change” in question would be to allow the Direxion ETF to list and trade shares, according to the GPO document. Read more here.